As a result of the Argentine government's price controls on biodiesel, producers have decreased production and there is not enough available to supply the mandatory blend rate of 10 percent. U.S. Soybean Supply Tightens in USDA Report As Mike Krueger indicated yesterday, USDA did not make any unexpected changes in its supply and demand forecasts for soybeans and soybean products in the March WASDE report. It did increase its forecast for U.S. soybean exports by 20 million bushels to a record 1.53 billion bushels (41.64 MMT). It partially offset the increase in exports by reducing its forecast for U.S. soybean crush by 10 million bushels to 1.69 billion bushels (46 MMT) and by increasing its forecast for imports by 5 million bushels to 35...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.